1st reason, if you take a look at the monthly you can see it is reaching the top of the descending trend line .
2nd reason, looking at the daily using the fib retracement you can see that that it has reached the 50% mark which aligns with the descending trend line .

As shown in the chart, EU is reaching the bottom of an uptrend channel, if support is respected we can see it returning back to the top for a over 200 pip profit. Buy orders set, now we sit and let things play out.
-TK

If you take a look at you can see the right shoulder has now been made from the heads and shoulders pattern, if you also look at the 4h chart you will also see a visible heads and shoulders. I had an earlier publication of the myself shorting the right shoulder from the yellow ob however that had been removed due to violating trading view terms.
Still holding the...

This will be the 4th time bouncing off the trend line boldly. Retail longs are about to be taken out, expecting a sharp move down. Being that its NFP today I will be risking much lower than usual, until I see it follows direction, thereafter I will add to it. As always keeping it simple.
Goodluck
-TK

Potentially a beautiful long term trade. Will be entering with low amount risked and will add to positions as it goes.
Respected the trend line multiple times. Will be holding this for at least a few months. Patience pays off.
Any feedback or criticism is welcome. Thanks
-TK

The accumulation of 0.74 support and the ascending channel could offer new long opportunities. Risking a little more than usual here but great R/R ratio.
I see this playing out over the next month.
As always I welcome and appreciate all criticism and feedback.
-TK

imo the downtrend channel is still being respected and the price has failed to break out previously. following my earlier short last week the price is again around the channel upper trend line. Time to short this baby again. Risking little again in the possible chance of it breaking out. Targets set, stop loss in place. Lets see this play-out.
As always I welcome...

Reposted as the tp/sl wasn't aligned with the chart correctly.
Personally, I keep my charts clean and simple. Sellers failed to break the resistance twice already. I believe it will bounce off the bottom trend line to a move higher which will see in longterm 1.300. Once again risking very little. Lets watching this play out.
I invite everyone who views this for...

Personally, I keep my charts clean and simple. Sellers failed to break the resistance twice already. I believe it will bounce off the bottom trend line to a move higher which will see in longterm 1.300. Once again risking very little. Lets watching this play out.
I invite everyone who views this for their thoughts and feedback.
Thanks
-TK

After evaluating the the higher time frames it is evident that EU is in a long term short. As shown on the 4h TF you can see that it is clearly at the top of a downtrend channel hence why I believe now is a key time to short. Risking very little is key here as the R/R ratio is extremely well. Lets see how this plays out.